FREMONT AVENUE OF FLAGS INC

EIN: 455359560 501(c)(3) Community Improvement

FREMONT, NE

Total Revenue
$120,644
Total Expenses
$48,047
Total Assets
$524,354
Net Assets
$524,354
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
2012
Legal Domicile
NE
Principal Officer
VERNON GIBSON
Phone
4025414482
Tax Period
2021-05-01 to 2022-04-30

FREMONT AVENUE OF FLAGS INC, founded in 2012, is a small nonprofit in the Community Improvement sector that reported $121K in total revenue in fiscal year 2021. The organization ran a surplus of $73K, a strong 60% operating margin.

Mission

TO INSURE THE INTEGRITY AND REMEMBRANCE OF ALL THOSE WHO HAVE SERVED AND SACRIFICED BY DISPLAYING THE AMERICAN FLAG ON CERTAIN DAYS.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2021)

Revenue Breakdown

Contributions & Grants $120,644
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $120,644

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $48,047
Other Expenses $48,047
TOTAL EXPENSES $48,047

Year-over-Year Comparison

2021 2020 Change
Revenue $120,644 N/A N/A
Expenses $48,047 N/A N/A
Net Income $72,597 N/A N/A
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
3
Independent Members
3
Employees
N/A
Volunteers
5

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
0
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
VERN GIBSON President 1.00
Director
$0 $0 $0
JOHN RAMSEY Secretary 1.00
Director
$0 $0 $0
CHRIS MADSEN Treasurer 1.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2022 $120,644 $48,047 $524,354 $72,597
2019 $223,486 $18,612 $494,386 $204,874
2018 $258,268 $5,652 $257,642 $252,616
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